If you want to be a successful gambler, then you need to practice quality money management. This is the case whether you play roulette, blackjack or bet on sports. In this case, we’re going to focus on roulette.
Before we even get to money management for roulette, it’s imperative that you find French roulette opposed to American Roulette. French Roulette only gives the house an edge of 2.7 percent, whereas American Roulette gives the house an edge of 5.26 percent. That might not sound like a lot, but it adds up extremely fast. The difference between French Roulette and American Roulette is that French Roulette only has one zero. American Roulette has two zeros. French Roulette is sometimes referred to as European Roulette. Use both terms when you’re on the hunt for an online casino that offers this version of the game. This version might be hard to find, but it’s out there.
Whether you’re playing online or live, if you stick to one location, then you should receive some nice comps. Sometimes this can be in the form of free money, which will obviously help support your bankroll. However, let’s look a little deeper into money management strategy for roulette.
You will have several good options. The first option is to keep your bets small and aim for moderate wins. For example, if you begin your session with $250, then bet $5 per spin. If you happen to lose 25 times in a row, then you will be down $125. At that point, increase your bets to $10 per spin. If you happen to lose all that money, at least you will have $5 leftover for some food. However, the likelihood of losing that many times in a row is extremely slim, especially if you keep making the same bet. Using this approach, if your goal is to win $50, then your odds of success will be greater than 50 percent.
Another option is a variation of Progressive Betting. This is almost the opposite of the Martingale System, which is not a winning system. With this variation of Progressive Betting, you use house money to attack. Every time you’re up money, use that money for a bet on a single number. If you hit, you make a fortune. If you miss, then you just go back to the grind until you have possession of house money once again. It might be a grind, but you will be earning comps along the way.